Nissan’s Carlos Ghosn arrested over misconduct claims

He’s one of the most senior figures in the car industry and he’s now under arrest. Carlos Ghosn, the Brazilian-born chairman of Nissan, credited with reviving its fortunes over the past two decades, was detained on allegations of under-reporting his own income and misusing company assets.

Nissan, Mitsubishi and Renault, a three-way alliance of carmakers, all led by Mr Ghosn, have all seen their share prices tumble.